News: CGF Heartland Group Signs Conditional Share Purchase Deal For Purchase Of Challenger Bank

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    Oct 20 (Reuters) - Challenger Ltd (CGF) :

    • SIGNED CONDITIONAL SHARE PURCHASE AGREEMENT FOR PURCHASE OF CHALLENGER BANK FROM CHALLENGER LTD
    • CONSIDERATION PAYABLE BY HEARTLAND ON COMPLETION IS EXPECTED TO BE APPROXIMATELY A$36 MILLION
    • ADVISED AVENUE HOLD THAT IT WILL NO LONGER BE EXPLORING POTENTIAL ACQUISITION
    • MADE INITIAL SUBSCRIPTION FOR A$5 MILLION OF CAPITAL IN AVENUE HOLD; NO DECISION MADE ON FUTURE OF STAKE
    • TO COVER COSTS OF ACQUISITION THROUGH EXISTING RESOURCES
    • EXISTING REVERSE MORTGAGE AND LIVESTOCK BUSINESSES IN AUSTRALIA WILL BE TRANSFERRED TO SIT IN OR UNDER CHALLENGER BANK

    (([email protected];))

 
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Last
$7.92
Change
-0.110(1.37%)
Mkt cap ! $5.475B
Open High Low Value Volume
$8.07 $8.07 $7.87 $14.97M 1.890M

Buyers (Bids)

No. Vol. Price($)
4 14318 $7.87
 

Sellers (Offers)

Price($) Vol. No.
$7.92 11265 3
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Last trade - 16.10pm 25/07/2025 (20 minute delay) ?
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